Your coverages should be comprehensive and correlate to where you have risk. Let us remove your uncertainty – our expertise will provide you the best recommendation for your protection.
All Risk Protection on Building
All Risk Protection, also known as a Comprehensive Form, provides the widest range of coverage available. With All Risk Protection, you’ll be covered for everything that could happen to your cottage, unless it is specifically excluded from your policy.
All Risk Protection - Minimum 10% of your Cottage's Value
Just like All Risk Protection on your Cottage, your outbuildings such as a boathouse, garage, or sauna will be covered for damage due to any risk as long as it is not specifically excluded from your policy. Limits vary per company, so if you have a large garage or outbuilding, contact us to ensure you have enough coverage.
All Risk or Named Perils Protection - Limits Vary based on % of your Cottage's Value Replacement Cost Basis
In the event of a covered claim, you will receive the replacement value of your contents with no depreciation applied.
$2,000,000 Limit or More
Knowing how much liability you need can be difficult to predict. To be safe, we recommend higher limits in order to keep yourself protected and account for unpredictable situations. We also recommend an Umbrella Policy for even more protection. Click Here to learn more about the the benefits of an Umbrella Policy and what it covers.
Minimum Limit of $1,000
This coverage will cover unintentional damage that you (or a minor in your care) cause to someone else’s property, even though you are not legally liable for the damages.
Minimum Limit of $5,000
This coverage will cover reasonable medical expenses if someone is accidentally injured on your property, even though you are not legally liable for damages.
Guaranteed Replacement Coverage or Replacement Cost - Varies based on Cottage Type and Insurer
Guaranteed Replacement Coverage means that if your cottage is destroyed by an insured peril, your insurance company guarantees it will be rebuilt, even if it costs more than the limit stated on the policy.
Many options available
Depending on what type of boat you have, you may be able to add it onto your property policy. Not only will this provide insurance for the boat itself, but will also extend liability in case of an accident while boating. Contact us to see if your watercraft can be added to your property policy, or if a standalone boat policy is required.
You can also schedule valuable items such as bicycles or solar equipment for their appraised value, so you can be sure you’ll be reimbursed for the proper amount if they are damaged or stolen.
We will work out the solution that provides the best in both Protection and Pricing.
Your insurance premium, including discounts, is created based on a wide range of variables. Contact us today to see if you are missing out on any discounts!